| dc.description.abstract | Technological developments in Indonesia will accelerate the economy and the
digital economy will form itself by combining financial services with modern and
innovative internet-based technology. Technological developments have an
influence on the growth of e-commerce, especially in 3 important parts of the
Indonesian economy, Bank Indonesia noted that the level of Indonesian people's
spending reached 2.92 billion. employment, the level of public spending, and
economic growth. Z Mumtaz's research, Zachary A. Smith (2020) reveals a
positive relationship between mobile technology and the Internet on the demand
for money. Romer's (1997) theory reveals that technology is an acceleration of
economic growth that can increase a skilled workforce. This study uses secondary
time series data from 2004-2019 quarterly using two stage least squares and
processed using the eviews 10 application. This study aims to determine the effect
of technology simultaneously on economic growth. because this study uses a
simultaneous equation model after going through the Order Condition model
identification test, all equations consisting of 4 (four) equations are identified as
Over Identified. significant to technology. Labor and Economic Growth have a
positive and insignificant effect on technology. Both Emoney are negatively and
insignificantly related to inflation, labor is negatively and insignificantly related
to inflation, interest rates are positively and significantly related to inflation,
exchange rates are positively and insignificantly related to inflation and the
money supply is positively and not significant to inflation. Third, EMoney,
Exchange Rate and Economic Growth have a positive and significant effect on the
money supply, interest rates have a positive and insignificant effect on the money
supply, inflation has a negative and insignificant effect on the money supply.
Fourth, Emoney has a negative and significant effect on economic growth,
interest rates have a negative and insignificant effect on economic growth,
exchange rates have a negative and significant effect on economic growth, and
technology has a positive and significant effect on economic growth. | en_US |
